Well-managed companies usually cycle through the four budgeting steps during the course of the financial year:

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Well-managed companies typically engage in a continuous budgeting process, which includes the four steps of planning, budgeting, execution, and analysis. This process is ongoing throughout the financial year, as the company adjusts its plans and budget based on changes in the market, internal factors, and other factors that may impact the business. By regularly revisiting and updating the budget, the company can ensure that it stays on track to meet its financial goals and objectives.

Well-Managed Companies Usually Cycle Through the Four Budgeting Steps During